Saturna Capital Corporation, an investment management firm, published its fourth-quarter 2020 ‘Sextant Mutual Funds’ Investor Letter – a copy of which can be downloaded here. The letter contains the Q4 2020 results and updates of its Sextant Growth Fund (SSGFX), Sextant International Fund (SSIFX), Sextan Global High Income Fund (SGHIX), Sextant Core Fund (SCORX), and Sextant Short-Term (STBFX). You can view each fund’s top 5 holdings to have a peek at their top bets for 2021.
In their Q4 2020 investor letter, Sextant Growth Fund mentioned Amazon.com, Inc. (NASDAQ: AMZN) and shared their insights on the company. Amazon.com, Inc. is a Seattle, Washington-based e-commerce company that currently has a $1.59 trillion market capitalization. Since the beginning of the year, AMZN delivered a -2.95% return, while its 12-month gains are up by 64.74%. As of April 01, 2021, the stock closed at $3,161.00 per share.
Here is what Sextant Growth Fund has to say about Amazon.com, Inc. in their Q4 2020 investor letter:
“Technology claimed six of the 10 Largest Contributors for 2020, demonstrating the effect of the pandemic, remote work, and the acceleration of various Technology and Consumer trends. Indeed, a more expansive definition of Technology might include Consumer stock Amazon. Regardless of classification, Amazon was the leading contributor to Fund returns based not only on its dominant e-commerce position but also its leading cloud business, Amazon Web Services.”
Our calculations show that Amazon.com, Inc. (NASDAQ: AMZN) ranks 1st in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, Amazon.com, Inc. was in 273 hedge fund portfolios, compared to 245 funds in the third quarter. AMZN delivered a -2.95% return in the past 3 months.
The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
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Disclosure: None. This article is originally published at Insider Monkey.
